Posts by Mark Darwin
China’s power prices nosedive in relief to tariff-hit factories
[BEIJING] A crash in Chinese coal prices, and a flood of clean energy, are cutting power rates in major industrial hubs, easing pressure on some of the factories caught in the crossfire of trade hostilities with the US. In Jiangsu province, the average price for June contracts settled by centralised bidding plunged 24 per cent…
Read MoreStocks to watch: ThaiBev, Far East Orchard
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jun 5). ThaiBev: The beer maker announced a US$2 billion multicurrency debt issuance programme on Wednesday. The group will issue notes and perpetual securities dominated in any currency agreed upon between the group and relevant dealers under the programme.…
Read MoreWhy Monaco to Hawkfest Is My Ultimate Journey
I’ve mapped out the perfect journey that combines luxury travel with an epic finale to an unforgettable event. Starting in Monaco, we’ll embark on a cross-continental adventure that ends at Hawkfest in Venice Beach – and I couldn’t be more excited about it. The plan is straightforward but ambitious. We begin in Monaco, that glamorous…
Read MoreUS economic activity ebbs, prices rise in Fed’s Beige Book
The report notes that firms with plans to pass along tariff-related costs to consumers expect to do so within three months Published Thu, Jun 5, 2025 · 06:14 AM [NEW YORK] Economic activity declined slightly in the US in recent weeks, indicating tariffs and elevated uncertainty are rippling across the economy, the Federal Reserve said…
Read MoreUS economic activity declines as tariffs pressure prices, Fed says
The report notes that firms with plans to pass along tariff-related costs to consumers expect to do so within three months Published Thu, Jun 5, 2025 · 06:14 AM [NEW YORK] Economic activity declined slightly in the US in recent weeks, indicating tariffs and elevated uncertainty are rippling across the economy, the Federal Reserve said…
Read MoreOCBC stays the course on climate commitment
[SINGAPORE] THE global effort to combat climate change has faced significant headwinds in recent years. Under the Trump administration, the US withdrew from the Paris Agreement, a landmark international treaty to tackle climate change. More recently, several major financial institutions, including American and Japanese banks, exited the Net-Zero Banking Alliance, a coalition committed to aligning…
Read MoreTesla’s China shipments extend slump, bucking broader sales boom
Published Wed, Jun 4, 2025 · 07:43 PM [HONG KONG] Tesla’s vehicle shipments from its China factory fell for an eighth straight month, extending a global sales slump as chief executive officer Elon Musk pledges to renew his focus on the automaker. The EV maker shipped 61,662 Model 3 sedans and Model Y sport utility…
Read MoreWhat to know about China’s rare earth export controls
[BEIJING] Global manufacturers have raised the alarm on China’s decision to curb exports of rare earths alloys, mixtures and magnets. Here is an overview of rare earths and China’s measures: What are they? Rare earths are a group of 17 silvery-white elements. One of their most important uses is in making magnets that power motion…
Read MoreSouth Korean stocks rise to enter bull market, bonds sink after presidential election outcome
[SEOUL] South Korea’s equity benchmark climbed to enter a bull market, after Lee Jae-myung’s widely-expected win in the presidential election ended a months-long political leadership vacuum. The Kospi Index ended 2.7 per cent higher on Wednesday (Jun 4), taking its gain from the April low to more than 20 per cent as investors piled into…
Read MoreSias calls for Singapore Paincare shareholders to await IFA opinion on privatisation offer
[SINGAPORE] The Securities Investors Association (Singapore), or Sias, is urging minority shareholders of Singapore Paincare to hold off on selling their shares amid the proposed privatisation deal. In a statement released on Wednesday (Jun 4), Sias noted that the company could be worth up to S$0.37 per share, which is more than double its…
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